Bilfinger sees Brazil bribes totalling less than 1 mln eur

FRANKFURT, March 26 (Reuters) - Struggling German
engineering and services firm Bilfinger may have paid
up to 1 million euros ($1.1 million) in bribes to win contracts
in Brazil, it said on Thursday.

Bilfinger had said on Sunday it was investigating whether
employees of a subsidiary had paid bribes to public officials in
Brazil in connection with orders related to the 2014 soccer
World Cup.

It said in a statement on Thursday: "After looking at all
accounting transactions from past years, current information
indicates that potentially improper payments exist of less than
1 million euros in total."